As we know, Jim Rickards is very bullish on both silver and gold. He's been teasing some amazing silver stock for a while now, and in this review I'll be exposing it.
It's been called the "company behind the last pure silver mine in the world", and Rickards believes it could see massive gains in the near future, as much as +1,000%, making investors very wealthy.
There are probably multiple teasers and different angles in which Jim Rickards is promoting his "#1 silver mining stock to buy right now".
I came across a teaser related to his "10x gold script" teaser, in which he is incredibly bullish on gold, and silver.
In much of the teaser presentation Rickards shows a bunch of charts of silver companies that have exploded in price in the past, such as First Majestic Silver Corp here that went up 1,270% in 2001...
... and then 2,004% in 2008...
What we are told is that his team "just uncovered what might be the last pure silver mine in the world"... and he goes on to say that this is the "most exciting story I’ve heard in the silver industry in several years".
Rickards hints at this new opportunity following a similar trajectory to the chart shown above, and even states that investing in one silver mining company "could bring you over 1,000% gains in the coming months".
I can make 1,000% gains in "the coming months"?
Boy oh boy am I excited!
But wait a minute... why is he sharing this with me? There must be some catch.
The sales pitch:
Yep... you guessed it... the catch is it's a sales pitch.
Here's how it works: Jim Rickards provides all the details on this "$4 company behind the last pure silver mine in the world" in his report here...
How do you get your hands on this super-special report?
Bingo! You guessed it!
You have to take out your credit card and pay to join his subscription advisory service, through which subscribers are provided with investment recommendations on a regular basis.
The good news: You won't have to subscribe to his service because I'll be exposing his silver stock pick for free!
Who Is Jim Rickards?
Jim Rickards is a lawyer, media commentator, author of several economic-focused books such as Currency Wars: The Making of the Next Global Crisis and Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos, and he's a huge speculator on gold and silver.
He's more of a gold speculator than silver, but believes gold will go to $10k an ounce and silver will follow in its footsteps.
That said, Jim Rickards is also a good salesman and is constantly pushing his newsletter advisory services with "doomsday"-type teasers. He's a good talker, and some of the things he says you need to take with a grain of salt.
Clues On His "#1 Silver Mining Stock"
There really aren't all that many clues given on this company, but luckily there was enough to piece together the puzzle and figure out what the heck he's teasing here.
Some of the better hints that were provided were about the silver mine that this company owns as well as the company itself. These include:
- "It’s owned by a tiny company trading for just around $4"
- Mining lawyer Andres Moreno said this about the silver finding: "The potential is among the best in the region. Everything you could imagine and more."
- And there was also mention about analyst Joe Reagor calling it a unique opportunity
Jim Rickards' Silver Stock Exposed
So, what is the "#1 silver mining stock to buy right now"?
What is the "company behind the last pure silver mine in the world"?
What is the stock that "could bring you over 1,000% gains in the coming months" and have you sailing around the world in your private yacht in no-time?
[Power On]... beep boop bop... [Alert: Oil Needed]... [Oil Added]... [System Resumed]... it's New Pacic Metals (TSXV: NUAG; USOTC: NUPMF)!
New Pacific Metals is a Canadian mining company that has mining projects going on in Bolivia, Canada, and China. Their flagship project is the Silver Sand project located in the Potosí Department of Bolivia, and it is this project's mine that Jim Rickards is calling the "last pure silver mine in the world"... for reasons unknown to me.
- Yes, New Pacific Metals' stock price has been around $4/share for a while now.
- Yes, Andres Moreno was quoted saying "The potential is among the best in the region. Everything you could imagine and more." - when referring to the Silver Sand project.
- Yes, analyst Joe Reagor was quoted saying that "the Silver Sand project is a unique opportunity".
There aren't many clues, but everything points to New Pacic Metals (TSXV: NUAG; USOTC: NUPMF) being Jim Rickards' "#1 silver mining stock".
1,000% Gains or Bust?
You usually have to take investment teasers like this with a giant piece of rock salt. They are often over-hyped and misleading.
Can you really expect 1,000% gains by investing in this company?
Well, Wall Street analysts are bullish on New Pacific Metals with their price forecasts, but certainly not +1,000% bullish!
That said, Wall Street analysts aren't speculators, and Jim Rickards is. He's been right before in the past, and with the economic impact of the coronavirus many predict big gains for precious metals like gold and silver.
Not only that, but New Pacific Metals' Silver Sand project is quite a rare deposit find, with a conversion ratio of 94:98 (the amount of holes drilled to the amount that hit silver mineralization)... which in case you don't know... it's really high.
So, anyways... this could be a good add to your portfolio, but just don't count on those 1,000% gains... although not entirely impossible.
Quick Recap & Conclusion
- Jim Rickards is very bullish on both silver and gold, predicting gold going to $10k/oz and silver following behind
- He's been teasing his "#1 silver mining stock to buy right now", which "could bring you over 1,000% gains in the coming months"
- All the information on this company he's teasing is included in a special report, which you must subscribe to his paid advisory service to get your hands on
- I just exposed his silver stock pick so that now you don't have to - it's New Pacific Metals (TSXV: NUAG; USOTC: NUPMF)
- Don't count on 1,000% gains
And there you have it.
I hope this short review has provided some value to you. As always, let us know what you think of this pick in the comment section below. Is it a +1,000% stock that could have you driving a brand-new Ferrari in a couple months?